"Zoom's Stock Surges 10% on Strong Q4 Results and AI Push"
TL;DR Summary
Zoom's stock surged 10% in after-hours trading after the company reported strong financial results and forecasts, including a fiscal fourth-quarter net income of $298.8 million and revenue of $1.15 billion. The company also announced a $1.5 billion buyback and emphasized its commitment to democratizing AI accessibility for all customers. Despite competition from tech giants like Microsoft, Cisco, and Google, Zoom has maintained its position with a consistent release of products and services.
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